Press release
Conversational AI Market size is expected to reach USD 34.19 Bn. by 2029, emerging at a CAGR of 21.5 percent and forecast 2023-2029
Conversational AI Market
Our comprehensive report delves into the Conversational AI market, examining its segments, including Component, Type, Deployment Mode, Technology, Vertical, and Region. This extensive analysis is derived from thorough research, blending primary and secondary data sources, and it spans the years 2017 to 2020. The report delves into market drivers, limitations, opportunities, and challenges, offering valuable insights to guide investors and industry stakeholders
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Conversational AI Market Research Methodology:
Conversational AI is the technology underpinning automated messaging and speech-enabled systems, facilitating human-like interactions between computers and people. This technology transcends traditional chatbots by engaging in voice and text conversations, understanding intent, multiple languages, and responding naturally. With applications spanning audio, video, and text interactions, the demand for conversational AI has been steadily on the rise
What are Conversational AI Market Dynamics:
The market is driven by the growing demand for AI-powered customer support services. Enterprises are transitioning from conventional customer service methods to AI-driven conversational AI solutions, revolutionizing customer interactions and improving service quality.
Explore additional details by clicking the link provided: https://www.maximizemarketresearch.com/market-report/global-conversational-ai-market/28034/
Conversational AI Market Regional Insights:
North America: Led the market in 2022, with more than 35% of the revenue share. The region's advanced technological adoption and the growing demand for AI-powered customer support services drive market growth.
Asia Pacific: Expected to experience rapid growth as awareness of new customer support services and technology innovations spreads. E-commerce activity, tech adoption in retail, innovations in consulting and healthcare, and rising internet penetration contribute to the growing demand for conversational AI.
What is Conversational AI Market Segmentation:
by Component
Solutions
Services
Professional Services
by Type
Chatbots
Intelligent Virtual Assistants (IVA)
by Deployment Mode
Cloud
On-premises
by Technology
ML and Deep Learning
Natural Language Processing (NLP)
Automatic Speech Recognition (ASR)
by Vertical
Banking Finance Services and Insurance (BFSI)
Healthcare and Life Sciences
IT and Telecom
Retail and eCommerce
Travel and Hospitality
Media and Entertainment
Automotive
Others (government, education, energy and utilities, and manufacturing)
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Who are Conversational AI Market Key Players:
1. Google
2. Microsoft
3. Amazon Web Services, Inc.
4. IBM
5. Oracle
6. Nuance Communications, Inc.
7. FIS
8. SAP SE
9. Artificial Solutions
10. Kore.ai, Inc.
11. Avaamo
12. Conversica, Inc.
13. Jio Haptik Technologies Limited
14. Rasa Technologies Inc.
15. Solvvy
16. Pypestream Inc.
17. Kasisto
18. Cognigy
19. Baidu, Inc.
Table of content for the Conversational AI Market includes:
Global Conversational AI Market: Research Methodology
Global Conversational AI Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Conversational AI Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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About Maximize Market Research:
Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of the majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT and telecom, chemical, food and beverage, aerospace and defense, healthcare and others.
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